China Targets Supercomputer Records, 80% Reduction In Parking Costs, And More

 Visitors watch the prototype of Chinese supercomputer Tianhe-3 at World Intelligence Expo in Tianjin, China. (Photo: VCG via Getty Images)

This week's news out of China includes supercomputing records being broken in the mainland, global e-commerce education brought to you by Alibaba and a new parking partnership that saves travelers up to 80% on the cost of parking at popular destinations. Here's what you need to know.

China's Out To Break Supercomputing Records

Have you ever heard of exascale, or E-class, supercomputing? It’s the next big achievement in the computing world. E-class supercomputers are believed to be able to match the neural level processing of the human brain, or in other words, they can do a billion-billion (one quintillion) calculations per second. 

Even if you haven't heard of E-class computing, then you may know that China is reducing its dependence on the U.S. when it comes to computer chip design and manufacturing. China is well on their way with another record-breaking announcement this week. The National University of Defense Technology said that their latest supercomputer, the Tianhe No. 3, will be the world’s fastest supercomputer and will beat all other nations to full deployment by 2020.

The pace of innovation is staggering as the Tianhe No. 1 was only deployed in 2010 and the latest No. 3 system will have 200 times the processing power and 100 times the storage capacity. They achieved this performance by building on three domestically produced, high-performance computing and communication chips.

The existing Tianhe No. 1 system already services 1,600 companies and government agencies and helps compute problems in key research areas like oil and gas, high-end equipment manufacturing, pharmaceutical research and development and smog and weather forecasting. IBM currently holds the No. 1 spot with their Summit supercomputer, but that may change in the near future.

 This photo taken on October 14, 2017 shows new cars lined up at a parking lot in Shenyang, northeast China's Liaoning province. (STR/AFP/Getty Images)

This photo taken on October 14, 2017 shows new cars lined up at a parking lot in Shenyang, northeast China's Liaoning province. (STR/AFP/Getty Images)

New Parking Solution Saves Travelers 80% On Parking In China

In more consumer-facing news, a parking group and a tourism body have partnered to slash parking prices at China's high-traffic destinations like airports, railways and Disneyland. The announcement (article in Chinese) was born out of the beginnings of an online budget parking platform called Xiaoqiang Parking, which was started just over three years ago. The founding team was made up of veterans from Alibaba, Nokia, Siemens, and Softbank, like CTO Jincheng Zhou.

In China, parking is big business. Already, Xiaoqiang Parking has racked up coverage of more than 100,000 parking spots across 55 airports, 23 high-speed railway stations, various ports and even Disneyland.

Xiaoqiang Parking has now partnered with the Tongchen Tourism Group with the aim of creating an even more seamless experience and drive costs down even further for customers. The customer journey that results from this partnership looks as follows:

 A visual user flow of how parking will be done under this new partnership.

A visual user flow of how parking will be done under this new partnership.